Peterborough's new trading company moves forward

Following the landmark decision taken in December by Peterborough City Council’s cabinet to set up its first trading company, plans are now being put in place to get the company up and running.

On 17 December, the Cabinet approved and endorsed a five-year business plan to set up a trading company, Peterborough Limited. This new company, which will be wholly owned by the council, signals a major new direction for delivering many council services.

Council officers have now developed a plan to start moving services from the current provider, to the new company by the following dates:

  • Building cleaning on 2 February.
  • Passenger Transport and Waste and recycling collections on 1 April.

  • Building maintenance, street cleansing and grounds maintenance on 4 May.

This phased approach to be completed by early May will help manage the complexity and scale of the task which involves the transferring of 449 employees, and all the assets and vehicles associated with these services. It will ensure the best possible quality of service is maintained and that high standards of public and employee safety are adhered to.

Peterborough Limited will deliver services for residents previously provided by Amey. The council will be the sole shareholder meaning it will be fully accountable to the council’s elected representatives giving the council direct control over the quality of services provided.

Residents and businesses can continue to contact the council on 01733 747474 or use the council website for these services.

Councillor John Holdich, Leader of Peterborough City Council, said: "Peterborough Limited is the ‘people’s company’ and our decision heralds an important step forward with our focus remaining on continuing to improve the services we provide for residents and businesses across the city.

“The phased transition of services will support the Cabinet's absolute determination to get these services right for our residents, ensuring a smooth hand-over. We will work with staff to deliver a new company that invests in them and the services we provide."

For residents there will be little obvious change with the council’s Cabinet determined that the services provided by its new company are of the highest quality so that the city's urban and rural areas are clean, well maintained and that residents’ bins are collected regularly.

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